On March 6, 2025, US President Donald Trump signed an order that establishes a Bitcoin strategic reserve and requires government agencies to disclose their digital assets.
Creation of Bitcoin Strategic Reserve
The signed order outlines two primary strategies. The first is transparency regarding digital assets seized as part of criminal or civil forfeiture proceedings. The second requires federal agencies to disclose their Bitcoin and cryptocurrency holdings.
Government Digital Asset Data
According to White House crypto czar David Sacks, the US government holds about 200,000 Bitcoins worth over $17 billion. However, this data may be inaccurate as an audit has not been conducted. Arkham data indicates that the government’s holdings total 198,012 BTC, valued at $16.38 billion.
Impact on the Cryptocurrency Market
President Trump previously indicated that cryptocurrencies such as Ripple (XRP), Solana (SOL), and Cardano (ADA) would be included in the asset stockpile. If confirmed, these numbers could trigger a significant bullish reversal in the cryptocurrency market, despite a recent 7% decline since the beginning of the month.
The signed Bitcoin reserve order and transparency in government holdings could potentially reshape the cryptocurrency market, restoring lost ground.
